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TClarke - 160p cash offer from Regent Gas

May 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CTO
  • Price:
  • 161p
TClarke has announced a recommended cash offer from 22% shareholder Regent Gas, which values the business at £90.6m, a 28% premium to the prevailing price. Shareholders will also get a 4.525p dividend (ex on 16 May). The offer looks lowball in the context of the record expected performance of £17.1m pretax profit/EPS of 24.1p this year. Sadly I don’t expect an alternative. Accept the offer/Sell. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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